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Ace Company has the following transaction: Sale of office supplies to the City of Manila, gross of VAT 800,000.00 Purchases of office supplies sold to

Ace Company has the following transaction:

Sale of office supplies to the City of Manila, gross of VAT 800,000.00

Purchases of office supplies sold to the city of Manila, net of VAT. 560,000.00

net proceeds from the sale is?

standard input tax is?

vat payable?

pls provide solutions. Thank you

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